TMX Group Ltd. earns $82.7 million in third quarter, revenue rises 23 per cent

TORONTO 鈥� TMX Group Ltd. says it earned $82.7 million in its third quarter, slightly down from $85.3 million a year earlier. Revenue for the company that operates the Toronto Stock Exchange totalled $353.8 million. That's up 23 per cent from $287.

Canadian Press Oct 30, 2024 2:51 PM Oct 30, 2024 3:05 PM

a07215beb540ee5ad159a42fa56357a6ef8c8e6ec3dee178ac3f658e2044bd9e — TMX Group Ltd. reported its third-quarter profit rose compared with a year ago, helped by higher revenue, partly offset by an increase in operating expenses. The TMX broadcast centre is pictured in Toronto on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

TORONTO 鈥� TMX Group Ltd. says it earned $82.7 million in its third quarter, slightly down from $85.3 million a year earlier.

Revenue for the company that operates the Toronto Stock Exchange totalled $353.8 million.

That's up 23 per cent from $287.3 million during the same quarter last year.

Diluted earnings per share were 30 cents, down from 31 cents a year earlier.

CEO John McKenzie says the company has delivered three consecutive quarters of organic revenue growth.

He says positive momentum in high-growth areas of the business coupled with strong performance in more traditional markets were partially offset by challenging capital-raising conditions.

This report by The Canadian Press was first published Oct. 30, 2024.

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